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Submission: On May 19 via api from US — Scanned from FR
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Homepage 2. Equities 3. Switzerland 4. Swiss Exchange 5. Temenos AG 6. News 7. Summary TEMN CH0012453913 TEMENOS AG (TEMN) Add to my list Report Real-time Estimate Cboe Europe - 04:28:01 2023-05-19 am EDT 76.34 CHF +1.46% 05/16Temenos : Launches AI Powered Digital Mortgages for Fast Responsible Lending PU 05/12Temenos : Awards Celebrate Banking in a Cloud World PU 05/11Temenos Integrates Core Banking in Software-as-a-Service Offering MT SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news Days 09 : Hours 15 : Minutes 30 : Seconds 29 TEMENOS : LAUNCHES AI POWERED DIGITAL MORTGAGES FOR FAST RESPONSIBLE LENDING 05/16/2023 | 03:40am EDT SEND BY MAIL : Name : First name : From* : To* : (You can enter multiple email addresses separated by commas) Message : *Required fields News Temenos Launches AI Powered Digital Mortgages for Fast Responsible Lending Front-to-back mortgage solution streamlines the mortgage journey by providing seamless experience for borrowers and efficient processing for lenders * Share on: * Share on Linkedin * Share on Twitter * Share on Facebook * Visit us on Instagram Press Releases, May 16, 2023 Temenos - Company GENEVA, Switzerland - MAY 16, 2023 - Temenos (SIX: TEMN) today launched a fully-Integrated front-to-back, mortgages solution with a smart decision engine powered by Explainable AI, helping lenders to deliver a personalized digital mortgage experience while reducing their costs and time to close. The solution enhances productivity and reduces delinquencies for the lenders through automation and intuitive workflows to make quick and prudent decisions, using AI to provide affordability assessments that are transparent and explainable. Temenos Digital Mortgages provides the borrowers with hyper personalized experience in every touch point through the partner ecosystem model, resulting in seamless customer experience and increased customer satisfaction. Reducing the time to close is important to customers, particularly during turbulent times with rising interest rates, helping them meet real estate contracts or rate lock periods to secure a property or afford a mortgage. The composable and highly scalable solution is suitable for banks of all sizes, building societies, credit unions that want to enhance their service offering and fintech or challenger banks looking to enter the mortgage market. Lenders can deploy the complete pre-integrated front-to-back solution that comes with pre-configured user journeys and out-of-the-box integrations for documents generation and management, ID verification and Analytics to accelerate time to market. Alternatively, they can take individually deployable components that easily integrate via APIs with their existing infrastructure. The low-code configurability of business rules and overall workflow design makes it easy for lenders to tailor the product to suit the varied regulatory and credit requirements. The solution is cloud-native and available for lenders to deploy in their own datacenters and on any public cloud or as a SaaS on Temenos Banking Cloud, enabling them to launch and scale up services rapidly. Prema Varadhan, President Product and Chief Operating Officer, Temenos, commented: "The mortgage experience from many lenders is slow and fragmented, resulting in customer leakage in the application process. With this new solution, lenders can easily upgrade their mortgage capability, elevating the digital experience and leverage explainable AI for fast, responsible lending decisions. Despite the economic headwinds, the mortgage market continues to grow and by modernizing their systems in this way, we're helping lenders increase volumes sustainably while ensuring affordability and transparency." Stewart Watterson, Strategic Advisor, Aite-Novarica Group, commented: "Mortgage lenders should take this time to rethink their existing workflows while starting from a clean whiteboard. Digital straight-through processing is no longer just aspirational; lenders have an opportunity but will need to divest themselves of the patchwork of paper, batch files, and legacy technologies that have been strung together over time. Making the capital investment in true digital end-to-end solutions sitting on a modern tech stack will provide a positive boost to efficiency ratios through cost of errors expenses alone, coupled with the ability to redeploy FTEs to higher-impact business areas." Temenos Press Contacts Jessica Wolfe & Scott Rowe Temenos Global Public Relations +1 610 232 2793 / +44 20 7423 3857[email protected] Alistair Kellie SEC Newgate Communications for Temenos +44 20 7680 6550[email protected] Attachments * Original Link * Original Document * Permalink Disclaimer Temenos AG published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 07:39:11 UTC. © Publicnow 2023 All news about TEMENOS AG 05/16Temenos : Launches AI Powered Digital Mortgages for Fast Responsible Lending PU 05/12Temenos : Awards Celebrate Banking in a Cloud World PU 05/11Temenos Integrates Core Banking in Software-as-a-Service Offering MT 05/11Temenos : Australian Digital Bank, Alex Bank Goes Live with Term Deposits on Temenos Banki.. PU 05/11Temenos Leads the Way in CBDC Innovation with R3 GL 05/11Temenos Expands Relationship with AWS to Offer Core Banking as SaaS GL 05/11Temenos AG Expands Relationship with AWS to Offer Core Banking as SaaS CI 05/11Temenos : Leads the Way in CBDC Innovation with R3 PU 05/11Temenos : Expands Relationship with AWS to Offer Core Banking as SaaS PU 05/10Temenos Brings Investment Advisory to Digital Wealth, Helping Banks Tap Global Growth i.. GL More news Analyst Recommendations on TEMENOS AG 04/11Research Partners Lifts Price Target on Temenos, Maintains Buy Recommendation MT 2022TEMENOS AG : Berenberg European Conference FA 2022Temenos awarded the top ESG rating by MSCI GL More recommendations Financials (USD) Sales 2023 995 M - - Net income 2023 133 M - - Net Debt 2023 641 M - - P/E ratio 2023 46,1x Yield 2023 1,39% Capitalization 6 015 M 5 975 M - EV / Sales 2023 6,69x EV / Sales 2024 6,06x Nbr of Employees 7 530 Free-Float 84,3% More Financials Chart TEMENOS AG Duration : Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max. Period : Day Week Full-screen chart Technical analysis trends TEMENOS AG Short TermMid-TermLong TermTrendsBullishBullishNeutral Technical analysis Income Statement Evolution Please enable JavaScript in your browser's settings to use dynamic charts. Created with Highstock 6.2.0Million USDSalesNet incomeNet income/Sales2018201920202021202220232024202505001,0001,5005%10%15%20%25%©marketscreener.com - S&P Global Market Intelligence Loading... More Financials Consensus Sell Buy Mean consensus HOLD Number of Analysts 16 Last Close Price 83,69 $ Average target price 76,11 $ Spread / Average Target -9,05% Consensus EPS Revisions Please enable JavaScript in your browser's settings to use dynamic charts. Created with Highstock 6.2.0USDEPS 2023EPS 2024EPS 2025Jan '22Jul '22Jan '23Jul '231.522.533.544.555.56©marketscreener.com - S&P Global Market Intelligence Loading... More Estimates Revisions Managers and Directors Andreas Andreades Chief Executive Officer Panagiotis Spiliopoulos Chief Financial Officer Thibault de Tersant Non-Executive Chairman Premalatha Varadhan Chief Product & Technology Officer Ian Cookson Independent Non-Executive Director More about the company Sector and Competitors 1st jan.Capi. 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